FCC Chairman Expects Q4 Vote on XM-Sirius Deal
The FCC Chairman Kevin Martin expects a vote on the XM-Sirius merger by the end of the year and reiterated that today when speaking with reporters. According to Bloomberg:
” Martin said the FCC is trying to meet its goal of deciding on pending mergers within 180 days. The agency began its XM- Sirius merger proceeding on June 8, which puts the FCC on schedule to rule by Dec. 6.
“That’s our target,” Martin said today while speaking to reporters. The agency has exceeded its 180-day guideline when reviewing large transactions. “
They will still need to wait for the antitrust division of the Department of Justice to make it’s decision, but as we reported Here last week, that decision may be coming within 30 days.
SIRI stock was up 4.75% at 3.31 with XMSR up 3.18% at 13.62.
Comments:
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This crap makes my head want to explode. Why can't they just say yes already so I can use XM's repeaters. christ.
by idioso
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That's good news. I'm really excited about it.
by M4
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Quote:
Originally Posted by idioso
This crap makes my head want to explode. Why can't they just say yes already so I can use XM's repeaters. christ.
How will the merger help you use XM's repeaters? Most things won't change on the equipment side until they have time to work on a dual radio, but even then I think they will have separate repeaters for each service.
by Manco
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Quote:
Originally Posted by idioso
This crap makes my head want to explode. Why can't they just say yes already so I can use XM's repeaters. christ.
How will that work?
by tgajr
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